Meme coins have topped the 2024 crypto market charts, with the likes of Floki and Pepe setting new price records. While Pepe set a new ATH in May, Floki surged to a new ATH in June, fueling massive adoption of meme coins by investors. Although these coins are tipped to continue their bullish momentum, a new hybrid coin could be set to rival these top guns
Cutoshi is a project that blends DeFi functionalities with meme coins, making it a hybrid ecosystem. Unlike other meme coins with no meaningful use case, Cutoshi is developing a robust ecosystem that houses a multichain DEX. Combined with other utilities, CUTO is projected to hit 100x before the end of Q1 of 2025.
Cutoshi Hybrid Ecosystem, A Game Changer In The $58B Meme Coin Market
Cutoshi is a project with a strong ecosystem that is set to rival Ethereum-based meme coins Floki and Pepe for market dominance. Cutoshi’s strength lies in its blending of DeFi and meme coin features. As such, the project follows core DeFi principles of freedom, privacy, anonymity and monetary empowerment to the masses.
Cutoshi is building an ecosystem that will bring DeFi closer to the masses while ensuring financial freedom. Following the visions of Satoshi Nakamoto and the traditional Chinese Lucky Cat, known for its lucky powers, Cutoshi aims to bring luck, wealth, and prosperity to digital assets.
The Cutoshi ecosystem includes tools and features to realize its visions of financial freedom and decentralization. One of the core tools is a multi-chain DEX, which will bring blockchains together and allow for easy trading and swapping of digital assets. There is also a farming mechanism in which users are rewarded for participating in quests.
Users can also enroll in Cutoshi Academy to enhance their DeFi and crypto knowledge. Notably, CUTO, the native utility token, serves as a vehicle for distributing rewards. At stage 2 of the presale, CUTO is sold for $0.022, with early buyers already in profit. With the limited total supply and the robust ecosystem, experts believe Cutoshi has what it takes to dominate the meme coin market.
Floki Token Positioned For A Significant Rally
Created in 2021 and named after the dog of billionaire CEO Elon Musk, Floki has grown over the months to become one of the top meme coins in the market. The Floki token ecosystem has also witnessed massive development driven by community sentiment and social media trends. As per CoinMarketCap, Floki’s price has surged by 16% in the past month.
With the trading volume also rising, a look at the Floki chart shows that the ongoing rally might extend for weeks. According to crypt analyst Bitcoin Meraklisi, Floki appears to have made a double bottom in the 4-hour period. As such, the popular expert thinks a 16% rally is possible in the short term, which could drive the price to $0.000169.
Source: Bitcoin Meraklisi on X
Meanwhile, Floki’s technical analysis shows signs of an extended rally. The Floki coin is trading above the 50-day and 200-day EMA on both the daily and 4-hour timelines. The 14-day RSI is at moderate 57, signaling that it is not in the overbought zone. Given the Floki bullish market sentiment, the Floki price might reach the $0.000170 target soon.
Pepe Price Forecast– Analysts Predict Imminent Breakout
Pepe has been one of the top-performing meme coins of 2024. According to CoinMarketCap data, the meme coin has gained 1,500% in the YTD price metrics. In the past month, Pepe’s price has surged by 34%, establishing support above $0.000010.
Looking at the Pepe chart in Tradingview, Pepe has flipped the $0.00001030 resistance zone and looks set to flip the next resistance at $0.00001138. If the meme coin is able to surpass these marks, there is a high chance of a new ATH soon.
In an analysis at X, crypto expert CryptoBull_360 believes Pepe is set for a huge breakout from the symmetrical triangle pattern in the 4-hour timeframe. The analyst thinks a breakout above the level will trigger a strong bullish rally towards 40 – 50% rallies in the short term. Given that over 23 key market indicators are bullish, Pepe is likely to set a new ATH in 2024.
Source: CryptoBull on X
While Cutoshi Will Flip Pepe And Floki In Q4
Pepe and Floki are the top-ranking meme coins with a strong community and growing ecosystem. While there are lots of favorable forecasts around them, Cutoshi could offer more given the hybrid ecosystem and strong utilities. Also, with the first presale stage selling out within days, the high demand for CUTO could drive its price to 50x in the short term.
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